Thursday, February 19, 2015


I wonder if the LVRJ is now going to become a liberal newspaper rag?
From the Reno Gazette Journal: New York-based New Media Investment Group Inc. says it has reached an agreement to purchase the company that owns the Las Vegas Review-Journal and daily newspapers in six other states.
New Media President and CEO Michael E. Reed said in a statement Thursday they will purchase "substantially all of the assets" of Stephens Media LLC for $102.5 million cash.
New Media operates in more than 370 markets across 27 states, publishing 450 community publications.
Reed expects the deal to close in the first quarter of 2015. He says Stephens' publications have "a strong community focus, solid readership base and stable advertisers," with daily papers in Arkansas, Iowa, North Carolina, Oklahoma, Tennessee and Texas.
In Nevada, Stephens also owns the Pahrump Valley Times, Tonopah Times-Bonanza and Boulder City Review
It will be interesting to see or if the LVRJ and the Pahrump Valley Times will stay the same.  Will the LVRJ still stay as one of the few conservative newspapers in the country or will the new owners turn the paper into another liberal rag newspaper.

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